Consolidated Edison, Inc. (NYSE:ED) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $79.50.

Several research analysts recently issued reports on ED shares. Zacks Investment Research lowered shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Consolidated Edison in a research note on Friday, October 20th. Bank of America started coverage on shares of Consolidated Edison in a research note on Tuesday, October 24th. They issued a “buy” rating and a $92.00 price target for the company. ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, Guggenheim reiterated a “hold” rating and issued a $88.00 price target on shares of Consolidated Edison in a research note on Wednesday, January 3rd.

Consolidated Edison (NYSE ED) traded down $0.90 during trading hours on Monday, hitting $79.49. 1,899,741 shares of the stock traded hands, compared to its average volume of 1,817,411. Consolidated Edison has a 12-month low of $72.13 and a 12-month high of $89.70. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.79. The stock has a market cap of $24,650.00, a PE ratio of 19.92, a price-to-earnings-growth ratio of 9.32 and a beta of 0.10.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.07). The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.14 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. During the same quarter in the previous year, the business earned $1.51 earnings per share. equities research analysts expect that Consolidated Edison will post 4.1 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in ED. Janus Henderson Group PLC boosted its holdings in shares of Consolidated Edison by 6,358.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,300,677 shares of the utilities provider’s stock valued at $185,940,000 after acquiring an additional 2,265,053 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Consolidated Edison by 38.2% in the third quarter. APG Asset Management N.V. now owns 4,055,555 shares of the utilities provider’s stock worth $327,202,000 after buying an additional 1,121,200 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Consolidated Edison by 2.4% in the second quarter. Vanguard Group Inc. now owns 21,821,324 shares of the utilities provider’s stock worth $1,763,600,000 after buying an additional 516,860 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Consolidated Edison by 5,924.7% in the second quarter. Balyasny Asset Management LLC now owns 523,427 shares of the utilities provider’s stock worth $42,303,000 after buying an additional 514,739 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Consolidated Edison by 61.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,068,461 shares of the utilities provider’s stock worth $86,353,000 after buying an additional 408,446 shares during the last quarter. 55.50% of the stock is currently owned by hedge funds and other institutional investors.

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About Consolidated Edison

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

Analyst Recommendations for Consolidated Edison (NYSE:ED)

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